By Topic

Consumer payment minimization in power pool auctions

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$33 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

4 Author(s)
S. Hao ; Pacific Gas & Electr. Co., San Francisco, CA, USA ; G. A. Angelidis ; H. Singh ; A. D. Papalexopoulos

This paper presents a new methodology within the framework of centralized optimization for calculating optimal generation schedules that minimize energy payments by power pool consumers. This paper addresses issues related to market structure and the operation of power pools, such as bid evaluation, generator no-load and start-up cost recovery, generator unit operating constraints and market clearing price determination. Unlike conventional unit commitment algorithms that minimize total energy production costs, the method presented here minimizes payments by power pool consumers. A payment minimization objective leads to a different unit commitment and dispatch solution, and lower market clearing prices. Additionally, optimal allocation of generator no-load and start-up costs over the scheduling period is integrated in the bid evaluation process, leading to a further reduction in consumer payments

Published in:

Power Industry Computer Applications., 1997. 20th International Conference on

Date of Conference:

11-16 May 1997